The mergers and acquisitions (M&A) landscape the world over has seen significant shifts over the past five years, and business as usual is looking a little different, even in the restoration space. With M&A a significant contributor to the overall growth of the restoration market, observing the changes as they unfold is exciting and informs our next moves as an industry.
The restoration market of 2021 maintained its unique niche data with statistics and trends directly affected by an aging owner demographic. With 65% of owners falling in the baby boomer category, retirement is front and center for many businesses — big and small.* By 2024, that demographic as a whole will have aged above 60 years. In 2022, the top of the generation has already reached 76, and the time for proper exit planning will soon pass — with it, the opportunity to transfer businesses successfully to new ownership.